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Pin to quick picksSpeedy Hire Share News (SDY)

Share Price Information for Speedy Hire (SDY)

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Share Price: 28.00
Bid: 27.95
Ask: 28.35
Change: -0.30 (-1.06%)
Spread: 0.40 (1.431%)
Open: 28.50
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SMALL-CAP WINNERS & LOSERS: Bitcoin bounces; Amigo shares plummet

Tue, 25th May 2021 10:46

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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Argo Blockchain PLC, up 11% at 130.86 pence, 12-month range 3.41p-325p. Shares in cryptocurrency miner rise as bitcoin price rebounds after recent struggle, trading at USD38,260 Tuesday mid-morning, according to CoinDesk, up from USD36,548 at the same time on Monday and having recently crashed to around the USD30,000 mark. Bitcoin traded above USD60,000 to fresh all-time highs in April, but has come under recent pressure over its green credentials. Late Monday, Elon Musk tweets: "Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising." Musk, chief executive of electric car firm Tesla, is an influential voice in the cryptocurrency space. AIM-listed Online Blockchain rises 21%.

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DWF Group, up 8.1% at 103.35p, 12-month range 45p-105.73p. Hits this 12-month higher earlier on Tuesday. The law firm says it continued to enjoy "strong activity levels" in the second half of financial year ended April 30, with revenue growth of the year of more than 13%. Adjusted pretax profit of GBP34 million exceeds market expectations by around 15%, it says, and has more than doubled on the 2020 financial year. "This week marks the first anniversary of my tenure as CEO and I am delighted with our results which show significant improvement on the prior year and a strong performance in their own right," says Chief Executive Nigel Knowles.

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SMALL-CAP - LOSERS

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Amigo Holdings PLC, down 47% at 9.94p, 12-month range 4.84p-30.3p. The guarantor loans provider says high court has not approved its scheme of arrangement to pay compensation claims. It notes this was despite an "overwhelmingly positive creditors' vote" and is now reviewing all options, including an appeal. Amigo has repeatedly said it would go insolvent and that claimants would get nothing if the scheme failed. "Amigo is incredibly disappointed that the scheme has not been approved despite the 74,877 customers who voted in support of the scheme, representing over 95% of those who voted. We are currently reviewing all our options and will provide an update at the earliest opportunity," says Chief Executive Gary Jennison.

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Speedy Hire PLC, down 4.4% at 77.4p, 12-month range 47.61p-81.59p. The tools, equipment and plant hire services company says revenue for financial year ended March 31 falls 11% to GBP363.6 million, and pretax profit slumps 41% to GBP12.3 million. Says pleased with results as revenue recovered in second half following pandemic-hit first half.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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22 Jun 2023 16:50

LONDON MARKET CLOSE: Stocks tumble after hawkish hike to UK rates

(Alliance News) - Stocks in London closed firmly in the red on Thursday after the Bank of England surprised with a chunkier-than-expected 50 basis point interest rate hike.

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22 Jun 2023 11:55

Speedy Hire annual profit down following asset-write off; appoints CFO

(Alliance News) - Speedy Hire PLC on Thursday said that its yearly profits had collapsed following a significant asset-write off, and announced the appointment of a permanent chief financial officer.

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22 Jun 2023 08:18

Speedy Hire revenue surges as it watches macro conditions

(Sharecast News) - Tools and equipment specialist Speedy Hire reported a significant increase in statutory revenue in its full-year results on Thursday, up 13.9% to £440.6m.

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15 Jun 2023 15:50

UK earnings, trading statements calendar - next 7 days

Friday 16 June 
Peel Hunt LtdFull Year Results
Record PLCFull Year Results
S-Ventures PLCFull Year Results
Tesco PLCTrading Statement
Monday 19 June 
Finsbury Food Group PLCTrading Statement
Triple Point Energy Transition PLCFull Year Results
Utilico Emerging Markets Trust PLCFull Year Results
Tuesday 20 June 
Enteq Technologies PLCFull Year Results
Gear4Music PLCFull Year Results
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Intercede Group PLCFull Year Results
SThree PLCTrading Statement
Monks Investment Trust PLCFull Year Results
Wednesday 21 June 
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Liontrust Asset Management PLCFull Year Results
Thursday 22 June 
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DS Smith PLCFull Year Results
First Property Group PLCFull Year Results
Manolete Partners PLCFull Year Results
Mulberry Group PLCFull Year Results
NCC Group PLCTrading Statement
Serco Group PLCTrading Statement
Speedy Hire PLCFull Year Results
Urban Logistics REIT PLCFull Year Results
Volex PLCFull Year Results
Whitbread PLCTrading Statement
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30 May 2023 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 31 May 
B&M European Value Retail SAFull Year Results
Bakkavor Group PLCTrading Statement
Bloomsbury Publishing PLCFull Year Results
DP Eurasia NVTrading Statement
Impax Asset Management Group PLCHalf Year Results
Ithaca Energy PLCQ1 Results
NWF Group PLCTrading Statement
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Tern PLCFull Year Results
WH Smith PLCTrading Statement
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Auto Trader Group PLCFull Year Results
Dr Martens PLCFull Year Results
Pennon Group PLCFull Year Results
Trinity Exploration & Production PLCFull Year Results
Friday 2 June 
TR Property Investment Trust PLCFull Year Results
Monday 5 June 
Celadon Pharmaceuticals PLCFull Year Results
Hercules Site Services PLCHalf Year Results
Itaconix PLCFull Year Results
Sirius Real Estate LtdFull Year Results
ValiRx PLCFull Year Results
Tuesday 6 June 
British American Tobacco PLCTrading Statement
Chemring Group PLCHalf Year Results
Ferguson PLCQ3 Results
Gooch & Housego PLCHalf Year Results
Jadestone Energy PLCFull Year Results
N Brown Group PLCFull Year Results
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Oxford Metrics PLCHalf Year Results
Paragon Banking Group PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 May 2023 17:54

Speedy Hire bolsters financial controls to improve asset accounting

Speedy Hire PLC - Merseyside-based tools hire services firm - Updates on actions taken by the company following previously announced discovery of a deficiency in the value of non-itemised assets of around GBP20.4 million. Assets include equipment without a unique serial identifier such as scaffolding towers, fencing and non-mechanical plant.

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18 May 2023 12:27

Speedy Hire says no fraud in £20m 'missing' equipment mystery

(Sharecast News) - UK tools and equipment company Speedy Hire said a probe into £20m of missing equipment found no evidence of fraud, but discovered problems with control and accounting procedures.

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5 Apr 2023 12:19

IN BRIEF: Speedy Hire expects annual profit to be in line with guidance

Speedy Hire PLC - Merseyside-based tools hire services firm - Expects to report pretax profit for the year ended March 31 in line with the board's expectations. Also expects revenue to be up about 14% annually. In financial 2022, revenue was GBP386.8 million, and pretax profit was GBP29.1 million. However, Speedy Hire warns that there has been "some" softening of demand in recent weeks. Also notes that its external investigation into the issue identified with non-itemised assets, including a review of controls and accounting procedures, continues to progress. Expects to report net debt at the year end of less than £94m.

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5 Apr 2023 10:32

SMALL-CAP WINNERS & LOSERS: Topps Tiles hails record half; Lookers up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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5 Apr 2023 08:01

Speedy Hire FY revenues rise, warns of 'softening' demand

(Sharecast News) - Tools and equipment hire group Speedy Hire said on Wednesday that full-year revenues had risen but cautioned that it had seen some "softening of demand" over recent weeks.

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9 Feb 2023 10:30

SMALL-CAP WINNERS & LOSERS: On the Beach on the up after upgrade

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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8 Feb 2023 17:01

LONDON MARKET CLOSE: Powell comments, hope for UK economy lift stocks

(Alliance News) - Stocks in London were higher at the close on Wednesday, with sentiment buoyed by a steady message from US Federal Reserve Chair Jerome Powell and indications that the UK may narrowly avoid a recession.

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8 Feb 2023 10:38

Speedy Hire shares fall amid value deficiency, depot reduction costs

(Alliance News) - Speedy Hire PLC on Wednesday announced that it is performing well in its second half of its financial year 2023 ending March 31, but reported a deficiency in the value of assets and a reduction in depots.

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8 Feb 2023 10:20

SMALL-CAP WINNERS & LOSERS: Speedy Hire finds GBP20 million shortfall

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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8 Feb 2023 07:10

Speedy Hire launches investigation into uncovering £20m deficiency

(Sharecast News) - Tools and equipment hire services company Speedy Hire has launched an investigation after uncovering a deficiency in the net book value of its hire equipment.

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